Rental property checks

[Anthony Murphy]

Was wondering what is the best way to setup the rental property income?

I plan on using a property management company.

Having the renters send the PM rent directly sounds like it has more cons then pros.

Just wondering what other ppl do

[Nicole Heasley Beitenman]

Originally posted by @Bjorn Ahlblad:

@Anthony Murphy PM's base their pricing on gross rent typically so they collect it, take their cut plus expenses and send you the rest. You get a 1099 at year end.

 If that's the case, be sure to really comb that contract. It wouldn't hurt to have an attorney review it.